Sen. Ararume becomes new chairman of NNPC Board Members

By Nneka Nwogwugwu

President Muhammadu Buhari has appointed Senator Ifeanyi Ararume as the chairman of the newly appointed Board and Management of the Nigerian National Petroleum Company Limited.

Special Adviser to the President on Media and Publicity, Femi Adesina announced via a statement on Sunday.

Adesina said the President appointed the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, as the Chief Executive Officer.

“This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company,” the statement said.

Adesina also informed that the NNPC GMD has been directed to take necessary steps to ensure that the incorporation of the oil company is consistent with the provisions of the PIA 2021.

Adesina explained that Senator Ifeanyi Ararume will serve as the Chairman of the Board, with Umar I. Ajiya being the Chief Financial Officer.

Apart from Kyari, other board members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).